Georgia § 33-12-4 - Designation of state depositories; responsibility for safekeeping of deposits; acceptance of book-entry securities as securities.
Full text of Georgia Official Code of Georgia Annotated § 33-12-4 — Designation of state depositories; responsibility for safekeeping of deposits; acceptance of book-entry securities as securities., with citation guidance and answers to common questions.
§ 33-12-4. Designation of state depositories; responsibility for safekeeping of deposits; acceptance of book-entry securities as securities.
The Commissioner may designate any regularly constituted state depository having trust powers domiciled in this state as a depository to receive and hold deposit. A deposit so held shall be at the expense of the insurer. A depository shall give to the Commissioner proper trust and safekeeping, receipt upon which the Commissioner shall give official receipt to the insurer. The Commissioner shall be responsible for the safekeeping and return of all securities deposited pursuant to this title with the Commissioner or in any depository so designated. The Commissioner may by rule or regulation prescribe the methods by which book-entry securities may be accepted as securities required or permitted by law. (Code 1933, § 56-1104, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1993, p. 1721, § 2.) Cross references. - State depositories, § 50-17-50 et seq.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-12-4
What does Official Code of Georgia Annotated § 33-12-4 cover?
Section 33-12-4 ("Designation of state depositories; responsibility for safekeeping of deposits; acceptance of book-entry securities as securities.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 33-12-4?
A common citation format is "Official Code of Georgia Annotated § 33-12-4" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 33-12-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.